Legal Opinion
Prudential Realty Co. v. Commissioner of Banks
Massachusetts Supreme Judicial Court
Decided April 20, 1922PublishedCited by 21 opinions
1Opinion of the CourtCarroll, J.
On March 29, 1920, the plaintiff borrowed from the Prudential Trust Company $40,000, secured by a third mortgage on its real estate. On September 10, 1920, the trust company was insolvent and was closed by the commissioner of banks. On that day the plaintiff had on deposit with the trust company a balance of $20,177.89 made up of rents collected from the mortgaged real estate. On November 2, 1920, the plaintiff demanded that its deposit should be set off pro tanto against its liability on the mortgage note and the set-off was allowed and entered on the books of the trust company by employees…
2Cases cited7 opinions
- Furber v. DaneMassachusetts Supreme Judicial Court · 1909
- National Mahaiwe Bank v. PeckMassachusetts Supreme Judicial Court · 1879
- Wood v. Boylston National BankMassachusetts Supreme Judicial Court · 1880
- Clark v. Northampton National BankMassachusetts Supreme Judicial Court · 1893
- Hathaway v. Fall River National BankMassachusetts Supreme Judicial Court · 1881
2 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- In Re Saugus General Hospital, Inc., Debtor. Philip L. Sisk, Receiver of Saugus General Hospital v. Saugus Bank and Trust CompanyCourt of Appeals for the First Circuit · 1983
- Forastiere v. Springfield Institution For SavingsMassachusetts Supreme Judicial Court · 1939
- Kress v. Central Trust Co.Appellate Division of the Supreme Court of the State of New York · 1935
- Krinsky v. Pilgrim Trust Co.Massachusetts Supreme Judicial Court · 1958
- Rossi Bros. v. Commissioner of BanksMassachusetts Supreme Judicial Court · 1933
16 more not listed; retrieve them via the Exa API.